CBL Governor and Economy Minister discuss banking finance and leasing to revive economy

By Sami Zaptia.

(Logo: Tripoli CBL).

London, 14 October 2021:

The Central Bank of Libya Governor, Saddek El-Kaber, and Minister of Economy and Trade, Mohamed Hwej, discussed banking finance through loans and leasing.

The meeting, held at the CBL on Wednesday, included the Director of the Governor’s Office, the Director of the Research and Statistics Department, and the Director of the Banking and Monetary Control Department.

The meeting discussed Prime Minister Abd Alhamid Aldabaiba’s Reviving Life initiative and the CBL and the government’s plan to finance projects and value-added activities in the Libyan economy, such as the cement industry and other industries, through the role of banks providing the necessary facilities and financing.

The role of the Ministry of Economy in facilitating the procedures for launching financial leasing, and containing the informal sector in accordance with the Ministry’s plan to regulate economic activity, were also discussed.

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